Kerala has registered a record tax collection with a total estimated mop-up of Rs.14,789 crore as on March 31. According to tentative estimates of the Finance Department, the total revenue earned by way of VAT and non-VAT levy was Rs.11,565 crore as on March 31 and this was Rs.1,880 crore (19.4 per cent) more than the collection last year. The 19.4 per cent increase in tax collection has been estimated with reference to the department''s figures pertaining to 2007-08 which stood at Rs.9,685 crore.
The Excise Department also chipped in well with a total excise duty collection of Rs.1,359 crore, which is 15 per cent more than the total excise duty collection during 2007-08.
Past one year had seen stringent measures on the Finance Department part to plug the loopholes as well as widen the tax net with attractive incentives for the tax payer and intensified intelligence initiatives to unearth evasion. Moreover the computerisation of all offices of the Taxes Department, have helped the government to take its tax effort to newer levels.
The Excise Department also chipped in well with a total excise duty collection of Rs.1,359 crore, which is 15 per cent more than the total excise duty collection during 2007-08.
Past one year had seen stringent measures on the Finance Department part to plug the loopholes as well as widen the tax net with attractive incentives for the tax payer and intensified intelligence initiatives to unearth evasion. Moreover the computerisation of all offices of the Taxes Department, have helped the government to take its tax effort to newer levels.
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